IT security service provider Accumuli has announced the acquisition of managed authentication provider Signify for a net consideration of £2.6 million.
A provider of two-factor authentication (2FA) as a hosted or cloud service, offering tokens, smartphone apps and SMS services, and winner of the 2013 SC Magazine award for best remote access, Signify will bring 282 customers to Accumuli and add 2FA to its services. Signify CEO Dave Abraham will remain with the business in a consultative capacity to assist with the transition
Gavin Lyons, chief executive of Accumuli, said: “Accumuli's goal is to help organisations secure their business from the constantly evolving threat landscape. Given the growing mobility of today's workforce, it is becoming increasingly important for all organisations to offer employees secure remote access to systems and information.
“Therefore, adding two-factor authentication to our managed services offering represents the next logical step in our value proposition to help customers secure their business and reduce operating costs.
“Signify has a successful 13 year history in the provision of two-factor authentication as a managed service, and has an enviable reputation for helping organisations to secure their networks. We look forward to welcoming Signify's employees to Accumuli so they can continue to deliver an exceptional service to our customers.”